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Stock Market & Financial Investment News

News Breaks
April 22, 2014
10:15 EDTHLXHelix Energy sees FY14 EPS $1.60-$1.70, consensus $1.59
Sees FY14 revenue $1.04B, consensus $1.02B. Sees FY14 EBITDA equal to or greater than $350M and CapEx about $400M. Total backlog as of March 31 was approximately $2.9B, of which approximately $2.7B is associated with the Contracting Services businesses. Sees 2014 utilization to remain strong for the well intervention fleet. Guidance and comments from slides for Q1 earnings presentation.
News For HLX From The Last 14 Days
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July 29, 2015
07:27 EDTHLXHelix Energy discloses resignation of Chief Accounting Officer James Martin Hall
In a regulatory filing, Helix Energy disclosed that James Martin Hall has accepted a senior position within Helix’s robotics business unit. As a result, he has resigned as Helix’s Chief Accounting Officer. effective July 28, 2015, Erik Staffeldt was appointed Vice President - Finance and Accounting of Helix and designated as its “principal accounting officer”.
July 22, 2015
10:01 EDTHLXOn The Fly: Analyst Downgrade Summary
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09:10 EDTHLXHelix Energy risk/reward compelling at current levels, says SunTrust
After Helix Energy reported weaker than expected results, SunTrust thinks the stock is unlikely to drop more than $1-$2 per share, while the shares could jump more than $10. The firm says that the risk of 2016 results missing expectations has dropped meaningfully as analysts probably reduced their estimates following Helix's miss. The firm identifies the stock as its favorite way to play offshore. It cut its price target on the name to $13 from $18 but keeps a Buy rating on the shares.
08:40 EDTHLXHelix Energy downgraded to Accumulate from Buy at Johnson Rice
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July 21, 2015
10:49 EDTHLXHelix Energy says 'way too early to tell' how 2016 may or may not shape up
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10:34 EDTHLXHelix says in dialogue with clients to find ways to preserve contracted work
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10:20 EDTHLXHelix Energy cuts FY15 EBITDA view to $160M-$190M from $200M-$240M
Says balance sheet, liquidity remains "strong." Cites weak oil industry for Q2 performance. Sees FY15 EBITDA $160M-$190M, sees improvement in Q3 vs. Q2. Says has reduced total headcount by 20%. Says focus must be on maintaining adequate liquidity and being as cash positive from operations as possible. Says downturn looking like "lower for longer" scenario. Comments made on the Q2 earnings conference call. Helix is down 14.07% to $9.71 in morning trading.
07:53 EDTHLXHelix Energy shares offer long-term opportunity, says SunTrust
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